Teton Advisors Inc. bought a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, HoldingsChannel reports. The firm bought 25,000 shares of the construction company’s stock, valued at approximately $849,000.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Willdan Group by 66.4% during the second quarter. Bank of Montreal Can now owns 6,119 shares of the construction company’s stock valued at $191,000 after purchasing an additional 2,441 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Willdan Group during the third quarter valued at approximately $228,000. Rhumbline Advisers acquired a new stake in Willdan Group during the second quarter valued at approximately $232,000. First Trust Advisors LP lifted its stake in Willdan Group by 34.8% during the third quarter. First Trust Advisors LP now owns 11,642 shares of the construction company’s stock valued at $395,000 after purchasing an additional 3,004 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Willdan Group by 23.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 18,099 shares of the construction company’s stock valued at $514,000 after purchasing an additional 3,400 shares during the last quarter. 68.22% of the stock is owned by institutional investors and hedge funds.
WLDN stock opened at $37.91 on Wednesday. Willdan Group, Inc. has a 52-week low of $19.25 and a 52-week high of $38.43. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a market cap of $308.48 million, a PE ratio of 32.12 and a beta of 1.37.
WLDN has been the subject of several recent research reports. ValuEngine raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Canaccord Genuity increased their target price on shares of Willdan Group from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Monday. Finally, BidaskClub lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.33.
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Willdan Group Company Profile
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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